Funding you earn now, next payment 12:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h +0.022%
Price spread now: BloFin against Gate−0.042%63s7-day average +0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2792.793% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.624%+$62 · spread now −0.042%, 7d avg +0.137%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.179% cheaper against Gate than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.137%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GWEI_USDT | 0.02377 | 0.0366 | pay 0.0183% / 4h | 3h 37m | $408K | $587K | 10x |
| Short | BloFin GWEI-USDT | 0.02376 | 0.0317 | get 0.0159% / 4h | 3h 37m | $164K | $43K | 50x |
Gate GWEI_USDT
BloFin GWEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.25
- Price spread: −0.042% → +0.137%
- −$17.91
- Slippage, 4 orders
- −$252.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$307.43
- Costs to cover
- 2.793%
- Break-even
- never at this rate
Slippage from Gate: live order book, 58 min ago; BloFin: live order book, 27 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 58 min ago | 6.36 bp | 62.4 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 6.32 bp | 31.9 bp −$32 | 112.9 bp −$1,129 | doesn't fit | doesn't fit |
GWEI on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02382 | +0.210% | $401K | $281K | 25x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02375 | −0.080% | $5K | $1K | — | as long as short |
| BloFin GWEI-USDTshort | +0.0317% | 4h | 0.02376 | −0.042% | $164K | $43K | 50x | |
| Binance GWEIUSDT | +0.0336% | 4h | 0.02383 | +0.264% | $2.6M | $5.3M | 50x | as long as short |
| Extended GWEI-USD | +0.0336% | 1h | 0.02383 | +0.237% | $4K | $221K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0340% | 4h | 0.02382 | +0.210% | $126K | $93K | 20x | as long as short |
| Gate GWEI_USDTlong | +0.0366% | 4h | 0.02377 | long leg | $408K | $587K | 10x | |
| KuCoin GWEIUSDTM | +0.0546% | 4h | 0.02376 | −0.046% | $469K | $35K | 20x | as long as short |
| BingX GWEI-USDT | +0.0774% | 4h | 0.02382 | +0.210% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDT | +0.0832% | 4h | 0.02383 | +0.252% | $2.0M | $489K | 20x | as long as short |
Bybit GWEIUSDT
Variational Omni GWEI
Binance GWEIUSDT
Extended GWEI-USD
MEXC GWEI_USDT
KuCoin GWEIUSDTM
BingX GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1403% | 4h | 0.02375 | −0.077% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT